The transport business is one of the most important in many countries. It is the way in which among merchants we make a better industry. That’s why it’s important that you have Trailer Insurance. In this blog post, we tell you how it works and what it is that you need.
Types of commercial truck insurance
The commercial truck category involves several types of large vehicles, including:
- Semis (18 wheeled tractors or trailers)
- For garbage collection
- Trailers for cars
- Tank truck
- Box trucks
What Does the Commercial Truck Insurance Cover?
Like many car insurance policies, commercial truck insurance comes with several types of coverage, each of which is specifically designed to protect your business and personal assets from catastrophic loss.
Trailer driver Insurance – Civil Liability:
It covers your liability risks in the event that you or one of your employed drivers causes an accident. Your commercial truck liability will include liability for personal injury to cover the costs of injury and medical expenses for the injured party, and liability for property damage to cover the costs of property damage in an accident. Your commercial truck liability insurance will usually also cover the costs of legal defense, regardless of whether your company is at fault in an accident
Physical Damage Coverage:
Covers the costs of damage to your vehicle from an accident or other incident. This coverage includes both collision coverage to pay for damages caused by an accident and comprehensive coverage to pay damages for theft, vandalism and other causes other than collision.
Coverage of Motorists without Insurance:
It covers the costs of injuries and damages if you or one of your employees is in an accident where another driver is at fault, but that the driver does not have adequate coverage to pay for your injuries and property damage.
Truck Load Coverage:
Covers damage or theft of items that your truck is transporting.
In addition to these types of coverage, you will have many other options as you structure your policy to cover your specific concerns. For example, if your employees sometimes need to drive their own vehicles in the course of the business, you may want a non-owned vehicle policy. This coverage will protect you and your drivers from the costs associated with accidents that occur during business hours when an employee is driving a vehicle that your company does not own.